The civic record
Read. Follow. Verify.Senate Finance Committee Hearing on Business Tax Reform
Record date · January 1, 2017
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What This Bill Does
This document is a transcript record of a 2016 Senate Finance Committee hearing focused on potential reforms to the U.S. business tax system. The hearing featured testimony from economists, tax professionals, and business owners regarding the structure and impact of current tax policies.
The hearing serves as a formal record of expert and stakeholder input that informs the development of federal tax legislation affecting how businesses calculate and pay taxes.
Who It Affects
Groups the bill's text affects, as described in the record. Being affected is not a position for or against it.
Business owners
Changes to business tax law directly impact the tax liabilities and accounting requirements for companies of all sizes.
Tax professionals
CPAs and tax attorneys are responsible for implementing and navigating changes to the tax code for their clients.
Key Facts
- The hearing took place on April 26, 2016, in the Dirksen Senate Office Building.
- The session was convened by Chairman Orrin G. Hatch to discuss business tax reform.
- Witnesses included representatives from the Joint Committee on Taxation, the Urban Institute, private CPA firms, and the agricultural sector.
- The record includes written statements and communications from various industry groups, including the American Bar Association and the American Farm Bureau Federation.
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- The hearing focused on the technical and economic implications of changing business tax structures.
Frequently Asked Questions
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News Coverage
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Votes, people, money & the original sourceFull breakdown
Who this bill affects and the strongest case for and against it, written only from the bill’s own text.
Discoveries
Patterns POLISCOPE noticed across the record. These are observations to investigate, not conclusions.
Broad Stakeholder Interest
The hearing record includes submissions from a wide range of industry groups, indicating that business tax reform impacts diverse sectors from agriculture to multifamily housing.
Connected Entities
Sources
www.govinfo.gov
Analysis Score
0–100- Significance60How much this matters to a regular citizen
- Controversy20Intensity of disagreement among stakeholders
- Entertainment5Compellingness for a non-policy-wonk reader
- Buzz10Current news / social attention level
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